Executive Salary
avg.$121,330
CubeSmart
Construction and Real Estate/Real Estate/Real Estate Companies/Real Estate Investment Trusts
Malvern, AL, United States
Description
CubeSmart, established in 2004 and headquartered in Malvern, Pennsylvania, is a publicly traded self-storage real estate investment trust (REIT) in the United States. The company operates in the B2C sector, offering self-storage solutions to individual customers. With approximately 3,100 employees, CubeSmart generated a revenue of $1.07 billion. The company manages numerous properties across the U.S., providing storage services designed for residential and small business customers. As a REIT, CubeSmart focuses on self-storage real estate investments, maintaining a significant presence in the American storage market.
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Experteer Briefing
Company Trajectory
CubeSmart, founded in 2004, is headquartered in Malvern, Pennsylvania, United States. The company began as a self-storage real estate investment trust (REIT) with a focus on providing accessible and secure storage solutions to a broad customer base. Over the years, CubeSmart has expanded its footprint significantly through strategic market expansions and property development to become a prominent player in the self-storage industry. It has consistently evolved its service offerings and infrastructure, positioning itself for continued growth and operational excellence in response to changing market demands.
Financial Setup
CubeSmart is a publicly traded company with a workforce numbering approximately 3,100 employees. Its financial model is structured as a self-storage REIT, catering primarily to individual consumers (B2C). Throughout its operational history, CubeSmart has demonstrated financial stability and growth through prudent investment in property acquisitions and operational scalability. The company’s market presence and fiscal discipline have helped it to maintain a healthy position within its sector.
Development & Outlook
Recently, CubeSmart has diversified its self-storage solutions to cater to household, business, moving, and vehicle storage needs, also offering services such as storage customization and logistics support. The company has made notable advances in sustainability, implementing eco-friendly practices like solar panel installations and partnering with American Forests’ Global ReLeaf Program to plant over 90,000 trees since 2010. Its social responsibility extends to collaborations with organizations such as Goodwill and Habitat for Humanity, as well as support for DEI through a dedicated policy adopted in February 2023. These ongoing commitments and innovations position CubeSmart favorably for continued development and sector leadership.